Use the mortgage calculator to calculate the cost of buying a $344k home. Change the numbers to see different options.
This calc can be used for car loans, debt, real estate, home purchase, etc.
Can I afford a 344,000 dollar house? It depends.
In addition to the mortgage payment, a home also has insurance, maintenance, and taxes.
Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income
on housing.
How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.
How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $344,000 house.
$344,000 Home at 2%
| 0% down | $1,271.49/mo |
| 5% down | $1,207.92/mo |
| 10% down | $1,144.34/mo |
| 15% down | $1,080.77/mo |
| 20% down | $1,017.19/mo |
| 25% down | $953.62/mo |
| 30% down | $890.04/mo |
| 35% down | $826.47/mo |
| 40% down | $762.89/mo |
| 45% down | $699.32/mo |
| 50% down | $635.75/mo |
$344,000 Home at 4%
| 0% down | $1,642.31/mo |
| 5% down | $1,560.19/mo |
| 10% down | $1,478.08/mo |
| 15% down | $1,395.96/mo |
| 20% down | $1,313.85/mo |
| 25% down | $1,231.73/mo |
| 30% down | $1,149.62/mo |
| 35% down | $1,067.50/mo |
| 40% down | $985.39/mo |
| 45% down | $903.27/mo |
| 50% down | $821.15/mo |
$344,000 Home at 6%
| 0% down | $2,062.45/mo |
| 5% down | $1,959.33/mo |
| 10% down | $1,856.21/mo |
| 15% down | $1,753.09/mo |
| 20% down | $1,649.96/mo |
| 25% down | $1,546.84/mo |
| 30% down | $1,443.72/mo |
| 35% down | $1,340.59/mo |
| 40% down | $1,237.47/mo |
| 45% down | $1,134.35/mo |
| 50% down | $1,031.23/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.